Feeds

Granada buys Control Data division

Builds European data archiving business

  • alert
  • submit to reddit

The essential guide to IT transformation

IT services company Granada Computer Services International, has bought the Systems Integration Services (SIS) division of Control Data Systems. Granada, which was itself the subject of an MBO last September worth around £89 million, claimed the move will help it establish a stronger presence in mainland Europe. It bought SIS for an undisclosed sum; the former Control Data division employs around 160 people in five countries and, according to a Granada statement has sales worth around £23 million. In a statement issued today, Granada managing director Richard Ferre said: "This acquisition gives us a stronger presence in those European markets where we already operate - Germany, France, Spain, Holland and Switzerland." The services market has been the scene of increased acquisition activity over the last 18 months, with 1997 seeing a 32 per cent increase in the year-on-year number of merger deals in this market, according to research carried out by IDC. IDC senior analyst Marianne Kolding said the growth in acquisitions was being driven by larger companies buying smaller ones for their specialist skills. "The larger players in the services market are looking to boost their skills and break into niche markets by buying up the more specialist players," she said. Ferre said the SIS purchase would bolster Granada's internal skills base: "In particular we intend to use SIS skills to develop our remote data archiving capability."

5 things you didn’t know about cloud backup

More from The Register

next story
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
Mozilla's 'Tiles' ads debut in new Firefox nightlies
You can try turning them off and on again
No, thank you. I will not code for the Caliphate
Some assignments, even the Bongster decline must
Banking apps: Handy, can grab all your money... and RIDDLED with coding flaws
Yep, that one place you'd hoped you wouldn't find 'em
TROLL SLAYER Google grabs $1.3 MEEELLION in patent counter-suit
Chocolate Factory hits back at firm for suing customers
Primetime precrime? Minority Report TV series 'being developed'
I have to know. I have to find out what happened to my life
Netflix swallows yet another bitter pill, inks peering deal with TWC
Net neutrality crusader once again pays up for priority access
Ex-IBM CEO John Akers dies at 79
An era disrupted by the advent of the PC
prev story

Whitepapers

Top 10 endpoint backup mistakes
Avoid the ten endpoint backup mistakes to ensure that your critical corporate data is protected and end user productivity is improved.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Backing up distributed data
Eliminating the redundant use of bandwidth and storage capacity and application consolidation in the modern data center.
The essential guide to IT transformation
ServiceNow discusses three IT transformations that can help CIOs automate IT services to transform IT and the enterprise
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.